Streetbeat News

ZBAO

Zhibao Technology Inc.

Open

3.50

Mkt cap

113M

Volume

3.3K

High

3.60

P/E Ratio

60.00

52-wk high

5.70

Low

3.15

Div yield

N/A

52-wk low

2.67

Zhibao Technology reported a 29% increase in FY24 revenue to $25.27M and an EPS of $0.06. The company turned a profit from operations, reversing a loss from the previous year. Investments in selling and R&D increased significantly, and the company expanded its B channels and customer base.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:33 am

Zhibao Technology Inc. (NASDAQ:ZBAO) announced that its subsidiary, Sunshine Insurance Brokers, has secured a contract to provide 'Hui Jia Bao' homeowners' insurance in Nanjing, China. This marks the expansion of Zhibao's digital insurance solutions in a major Chinese city.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:02 pm

Zhibao Technology shares surged 18.8% in pre-market trading after winning a tender to provide services to the People’s Insurance Company of China. Other notable pre-market movers include Sify Technologies, Aptose Biosciences, and United States Steel Corporation.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 9:13 am

Zhibao Technology shares rise as the company secures a contract to provide high-end medical third party administration services to the People's Insurance Company of China Limited.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:26 pm

Zhibao Technology Inc. (NASDAQ:ZBAO) has won a tender to provide high-end medical third party administration services to the People's Insurance Company of China Limited (PICC Group). This contract, valued at CNY 28 million over three years, designates Zhibao as one of four exclusive vendors for PICC Group subsidiaries. The deal enhances Zhibao's access to PICC's extensive network, benefiting its Managing General Underwriting business and strengthening its digital insurance brokerage operations.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:07 pm

Zhibao has entered into a strategic investment cooperation with Sport Covers to develop a new business model in digital sports and insurance brokerage. The partnership is expected to significantly boost Zhibao's revenue over the next few years, with projected increases of CNY 20M in 2024, CNY 50M in 2025, and CNY 80M in 2026. Zhibao aims to capture a substantial share of the sports-related insurance market, targeting 10% by 2024, over 15% by 2025, and more than 20% by 2026.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:38 pm

Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:05 pm

Trading for the IPO security ZBAO was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:35 pm

Zhibao Technology has priced its initial public offering (IPO) of 1.5 million Class A ordinary shares at $4 per share.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:06 am

Zhibao Technology Inc (NASDAQ:ZBAO) is set to begin trading on NASDAQ on April 2, with its IPO priced between $4.00 and $6.00 per share. The company, incorporated in the Cayman Islands, operates mainly through its PRC subsidiaries, including Zhibao China and Sunshine Insurance Brokers. An insider lock-up period is set for 180 days, ending on September 29, 2024.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 3:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.